Murphy Bank is one of many FDIC insured banks in California but is not like most other California banks.  Murphy Bank was founded in 1984 and is based in Fresno, California.  The bank has just the one location in California.  Murphy Bank offers both personal and commercial banking services from that one bank office.

Murphy Bank is a true niche bank.  The bank specializes in select areas of lending and deposit gathering.  The bank focuses on small businesses and individuals and works with a limited clientele developing long term relationships. 

Some of the activities the bank engages in include equipment and small business loans for farmers and businesses.  The bank also works with mobile home owners with loans for mobile home purchases, refinance and home improvement loans.  Many of the loans originated at the bank are customized loans. 

When it comes to offering California CD rates, Murphy Bank offers CD interest rates that are often a little higher than those offered by most other banks.  The bank offers high CD rates in California often with customized terms.  The bank does not offer checking accounts.

Along with competitive California CD rates, the bank also offers the flexibility of allowing the customer to deposit their money in a CD for the exact number of days they want.  For instance, with the customized bank CDs if a customer knows they have a sum of money that they will need in exactly 5 months at Murphy Bank that customer can put their money in a CD for the full 5 months, without switching between accounts which should allow the bank CD account holder the ability to earn more interest.

Current CD rates and terms offered by Murphy Bank include the following:

3 month bank CD rate is 1.30%
6 month CD rate is 1.40%
12 month CD rate 1.50%
24 month CD interest rates 1.60%

The bank CD account holder will earn the CD rates shown only if the funds remain on deposit to maturity and no interest is withdrawn from the CD account during that period of time.  Any withdrawal of interest earned on the bank CDs will reduce earnings to less than the CD interest and APY shown.

Current CD rates are subject to change and additional account conditions may apply.  To verify current bank rates or to open a new CD accounts contact the bank at 559-225-0225.  Account information as well as limited bank rate information is also available on the bank webs site located at www.murphybank.com.

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